Oppenheimer Weighs in on Green Plains Inc.’s FY2024 Earnings (NASDAQ:GPRE)

Green Plains Inc. (NASDAQ:GPRE – Get Rating) – Research analysts at Oppenheimer reduced their FY2024 earnings estimates for Green Plains in a research note issued to investors on Tuesday, January 24th. Oppenheimer analyst K. Owen now forecasts that the specialty chemicals company will earn $2.45 per share for the year, down from their previous forecast of $2.49. The consensus estimate for Green Plains’ current full-year earnings is ($2.07) per share.

A number of other analysts have also commented on GPRE. BMO Capital Markets lowered shares of Green Plains from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $45.00 to $31.00 in a research report on Monday, October 24th. Truist Financial decreased their price target on Green Plains from $55.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, October 7th. UBS Group assumed coverage on Green Plains in a research note on Tuesday, December 13th. They set a “buy” rating and a $45.00 price objective on the stock. Stephens downgraded shares of Green Plains from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $40.00 to $37.00 in a report on Tuesday, January 17th. Finally, Bank of America decreased their price objective on shares of Green Plains from $43.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, October 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $39.20.

Green Plains Trading Up 0.3 %

NASDAQ GPRE opened at $31.13 on Wednesday. Green Plains has a 52 week low of $26.09 and a 52 week high of $41.25. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.61 and a current ratio of 2.22. The stock’s 50 day moving average price is $31.53 and its two-hundred day moving average price is $32.32. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of -16.56, a PEG ratio of 0.59 and a beta of 1.71.

Green Plains (NASDAQ:GPRE – Get Rating) last announced its earnings results on Thursday, November 3rd. The specialty chemicals company reported ($1.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($1.09). Green Plains had a negative return on equity of 10.48% and a negative net margin of 2.76%. The company had revenue of $954.98 million during the quarter, compared to analyst estimates of $961.00 million.

Insider Transactions at Green Plains

In other news, CFO James E. Stark bought 787 shares of the stock in a transaction dated Tuesday, December 6th. The shares were bought at an average price of $31.85 per share, for a total transaction of $25,065.95. Following the completion of the purchase, the chief financial officer now owns 11,184 shares in the company, valued at $356,210.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Green Plains

A number of institutional investors have recently modified their holdings of the business. Covestor Ltd boosted its holdings in Green Plains by 8,023.1% in the 1st quarter. Covestor Ltd now owns 1,056 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 1,043 shares during the period. Advisors Asset Management Inc. acquired a new position in Green Plains in the 1st quarter valued at $46,000. Point72 Hong Kong Ltd lifted its position in shares of Green Plains by 39.2% during the 1st quarter. Point72 Hong Kong Ltd now owns 1,915 shares of the specialty chemicals company’s stock valued at $59,000 after acquiring an additional 539 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of Green Plains by 106.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,420 shares of the specialty chemicals company’s stock valued at $66,000 after acquiring an additional 1,250 shares during the period. Finally, Quent Capital LLC acquired a new stake in shares of Green Plains during the 2nd quarter worth $82,000.

About Green Plains

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Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces and sells ethanol, including industrial-grade alcohol, distiller grains, and ultra-high protein and corn oil.